Shares down on tightening measure

时间：2007-11-13 06:58:22

（单词翻译:单击）

BEIJING, Nov. 12 - Chinese share prices slid on Monday in response to the government's move over the weekend to raise the reserve requirement ratio for commercial banks by half a percentage point.

 

The benchmark Shanghai Composite Index dropped 2.4 percent, or 127.81 points, to close at 5,187.73 points, after falling to as low as 5,032.58 points in intra-day trading.

 

The Shenzhen Component1 Index fell 0.55 percent to 17,065.77 points.

 

Combined turnover2 on the two markets was about 128 billion yuan(17.3 billion U.S. dollars).

 

The Hushen 300 index, accounting3 for more than 60 percent of the nation's total stock market value, slumped4 1.24 percent, or 62.27 points, to finish at 4,978.25.

 

Prices regained5 some ground in the afternoon as investors7 hunted bargains.

 

Analysts9 said investor6 confidence was affected10 after the People's Bank of China, the central bank, raised the bank reserve requirement ratio to a ten-year high of 13.5 percent. Wall Street's decline last week also hurt sentiment.

 

On Friday, the Dow Jones Industrial Average slipped 1.69 percent, or 223.55 points, to 13,042.74 on credit jitters11.

 

Investors fear the central bank could raise interest rates further to reduce liquidity12 and cool the economy, said Li Wenhui, an analyst8 with Huatai Securities.

 

Wan13 Bing, an analyst with Guangfa Securities, said equity14 prices may decline for some time, with no sharp rebound15 likely in the near future.

 

Last week, the Shanghai Composite Index fell 8 percent to 5,315.54, the biggest weekly loss during the past nine years.

 

Heavyweights and energy and nonferrous metal shares led the market loss on Monday. PetroChina, the nation's largest oil and gas producer, fell 4.53 percent to 36.45 yuan.

 

China Petroleum16 and Chemical Corporation, Asia's largest oil refiner, dropped 5.05 percent to 22.18 yuan. Aluminum17 Corporation of China Limited, the nation's largest aluminum producer, plunged18 8.82 percent to 34.34 yuan.

 

Banks were mixed after the reserve requirement ratio increase.

 

Ten banks fell, with heavyweights Industrial and Commercial Bank of China falling 2.16 percent to 8.17 yuan and Bank of China declining 1.81 percent to 7.06 yuan.

 

Shanghai Pudong Development Bank was among four banks whose shares rose: it jumped 3.28 percent to 55.44 yuan.

 

The A Share Index on the Shanghai Stock Exchange slid 2.38 percent, or 132.93 points, to 5,446.19, and the B Share Index sank 5.73 percent, or 20.19 points, to 332.24.

 
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点击收听单词发音收听单词发音  

1 component epSzv     
n.组成部分，成分，元件；adj.组成的，合成的
参考例句：
  • Each component is carefully checked before assembly.每个零件在装配前都经过仔细检查。
  • Blade and handle are the component parts of a knife.刀身和刀柄是一把刀的组成部分。
2 turnover nfkzmg     
n.人员流动率，人事变动率；营业额，成交量
参考例句：
  • The store greatly reduced the prices to make a quick turnover.这家商店实行大减价以迅速周转资金。
  • Our turnover actually increased last year.去年我们的营业额竟然增加了。
3 accounting nzSzsY     
n.会计，会计学，借贷对照表
参考例句：
  • A job fell vacant in the accounting department.财会部出现了一个空缺。
  • There's an accounting error in this entry.这笔账目里有差错。
4 slumped b010f9799fb8ebd413389b9083180d8d     
大幅度下降，暴跌( slump的过去式和过去分词 )； 沉重或突然地落下[倒下]
参考例句：
  • Sales have slumped this year. 今年销售量锐减。
  • The driver was slumped exhausted over the wheel. 司机伏在方向盘上，疲惫得睡着了。
5 regained 51ada49e953b830c8bd8fddd6bcd03aa     
复得( regain的过去式和过去分词 )； 赢回； 重回； 复至某地
参考例句：
  • The majority of the people in the world have regained their liberty. 世界上大多数人已重获自由。
  • She hesitated briefly but quickly regained her poise. 她犹豫片刻，但很快恢复了镇静。
6 investor aq4zNm     
n.投资者，投资人
参考例句：
  • My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
  • The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。
7 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
8 analyst gw7zn     
n.分析家，化验员；心理分析学家
参考例句：
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
9 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
10 affected TzUzg0     
adj.不自然的，假装的
参考例句：
  • She showed an affected interest in our subject.她假装对我们的课题感到兴趣。
  • His manners are affected.他的态度不自然。
11 jitters bcdbab80a76ba5b84faa9be81506e8ea     
n.pl.紧张(通常前面要有the)
参考例句：
  • I always get the jitters before exams. 我考试前总是很紧张。
  • The whole city had the jitters from the bombing. 全城居民都为轰炸而心神不宁。
12 liquidity VRXzb     
n.流动性，偿债能力，流动资产
参考例句：
  • The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
13 wan np5yT     
(wide area network)广域网
参考例句：
  • The shared connection can be an Ethernet,wireless LAN,or wireless WAN connection.提供共享的网络连接可以是以太网、无线局域网或无线广域网。
14 equity ji8zp     
n.公正，公平，（无固定利息的）股票
参考例句：
  • They shared the work of the house with equity.他们公平地分担家务。
  • To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。
15 rebound YAtz1     
v.弹回；n.弹回，跳回
参考例句：
  • The vibrations accompanying the rebound are the earth quake.伴随这种回弹的振动就是地震。
  • Our evil example will rebound upon ourselves.我们的坏榜样会回到我们自己头上的。
16 petroleum WiUyi     
n.原油，石油
参考例句：
  • The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
  • The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。
17 aluminum 9xhzP     
n.(aluminium)铝
参考例句：
  • The aluminum sheets cannot be too much thicker than 0.04 inches.铝板厚度不能超过0.04英寸。
  • During the launch phase,it would ride in a protective aluminum shell.在发射阶段，它盛在一只保护的铝壳里。
18 plunged 06a599a54b33c9d941718dccc7739582     
v.颠簸( plunge的过去式和过去分词 )；暴跌；骤降；突降
参考例句：
  • The train derailed and plunged into the river. 火车脱轨栽进了河里。
  • She lost her balance and plunged 100 feet to her death. 她没有站稳，从100英尺的高处跌下摔死了。

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